AI and the Productivity Paradox

Irving Wladawsky-Berger

But, at the same time, productivity growth has significantly declined over the past decade, and income has continued to stagnate for the majority of Americans. Economists have proposed competing explanations for declining productivity growth and so far have failed to reach a consensus.” .

The Productivity Puzzle

Irving Wladawsky-Berger

Economic growth has two main components, productivity growth and the growth of the labor force. I ncreasing productivity is thus more crucial than ever to promote economic growth. From 1987 to 2004 US labor productivity grew at a 2.1% The Difficulty of Measuring Productivity.

Robocalypse Now? Technology, Productivity and Employment

Irving Wladawsky-Berger

His presentation was based on a paper co-written with Utrecht University economist Anna Salomons. “Is productivity growth inimical to employment?,” Previous technological innovation has always delivered more long-run employment, not less. Is the Robocalypse upon us?,

Can IBM Watson Workspace Save Our Productivity?

Luis Suarez

Apparently, our productivity as employees has been plummeting since the mid 70s. Yet, productivity still is very weak and we don’t seem to succeed in figuring out who (or what) is to blame for that. Yes, indeed, you are reading it right, since the mid 70s !

Are Innovation and R&D Yielding Decreasing Returns?

Irving Wladawsky-Berger

Given the pace of technological change, we tend to think of our age as the most innovative ever. These innovations, first developed in the late 19th and early 20th century, have long been transforming the lives of billions. Innovation may be hitting a wall of diminishing returns.

The 2018 MIT Inclusive Innovation Challenge

Irving Wladawsky-Berger

In 2016, MIT’s Initiative on the Digital Economy launched its first annual Inclusive Innovation Challenge (IIC). To qualify to work in AnnieCannons, program graduates must demonstrate that they can deliver top-quality software products and services to their clients.

Open Innovation 2.0

Irving Wladawsky-Berger

I recently read Twelve Principles for Open Innovation 2.0 , an article published last year in Nature by Martin Curley. Let me discuss each of these phases of innovation. Closed Innovation. Innovation was increasingly occurring in the marketplace, no just in their labs.

The New Era of Smart, Connected Products

Irving Wladawsky-Berger

For the past few years, some have justifiably questioned whether innovation has been going through a period of stagnation , especially when compared to major 19th and 20th century innovations like electricity, cars and airplanes. IT is now an integral part of the products themselves.

AI and the Productivity Paradox

Irving Wladawsky-Berger

But, at the same time, productivity growth has significantly declined over the past decade, and income has continued to stagnate for the majority of Americans. This puzzling contradiction is addressed in Artificial Intelligences and the Modern Productivity Paradox , a working paper recently published by the National Bureau of Economic Research (NBER). Economists have proposed competing explanations for declining productivity growth and so far have failed to reach a consensus.” .

Disruptive Innovation Revisited

Irving Wladawsky-Berger

The recent New Yorker article, - The Disruption Machine: What the gospel of innovation gets wrong , - by Harvard history professor Jill Lepore , has led to a flurry of opinions on disruptive innovation. The New Yorker described the article as “Rethinking the innovation craze.”

The Science of Innovation

Irving Wladawsky-Berger

Innovation - identified by MIT economist and Nobel laureate Robert Solow as the driver of long-term, sustainable economic growth and prosperity - has been a hallmark of the Massachusetts Institute of Technology since its inception.” The innovation paradigm has changed.

Cloud, Services and the Transformation of Production

Irving Wladawsky-Berger

I’ve been particularly interested on the impact of cloud on services, not surprisingly given my interests in service science , - the application of science, technology and innovation to the world of services. What do we mean by the production of services ?

Global Arbitrage and the Productivity Puzzle

Irving Wladawsky-Berger

A couple of weeks ago I wrote about The Productivity Puzzle , - namely that despite our continuing technology advances, the US and other developed economies have experienced a sharp decline in productivity growth over the past 10 to 15 years.

How Playing Games at Work Can Help Boost Your Productivity

Luis Suarez

all of them having been blamed, over the course of decades, for being responsible as well for people’s lack of productivity and for getting us all far too distracted from real work. But what happens *if* playing games actually makes you *more* productive?

Productivity Tips on Presentations: Inform, Inspire and Motivate

Luis Suarez

Yes, I know, another article on the topic of Productivity , although this time around with a slightly different flavour: how can we improve the way we deliver messages through presentations? Shouldn’t we be aiming at addressing that productivity overkill and do something about it?

Disruptive Innovation Revisited

Irving Wladawsky-Berger

Disruptive innovation was first introduced by Harvard Business School professor Clayton Christensen in a 1995 Harvard Business Review (HBR) paper co-written with Joseph Bower. 20 years after its introduction, Christensen has revisited his original concept in What is Disruptive Innovation? ,

Solow Paradox 2.0: The Lagging Impact of Technology Advances on Productivity Growth

Irving Wladawsky-Berger

Our aging economies are thus dependent on productivity gains to drive long-term economic growth , future prosperity and higher standards of living. Their average productivity growth in the 5 years between 2000 and 2004 was 2.4%. The waning of the mid-1990s productivity boom.

innovation means learning at work

Harold Jarche

“So it is important to understand that there is no one-size-fits-all philosophy in terms of successful innovation. Innovation is continuous. Successful innovators and entrepreneurs all embrace change and the risks that they pose. Innovation and Learning. Innovation

Reflections on Innovation, Productivity and Job Creation

Irving Wladawsky-Berger

For example, over the past year I have given a number of seminars on Technology and Innovation in the Service Economy. I have also been thinking a lot about the impact of these innovations on the productivity of the service sector of the economy in general, and in particular, on the kinds of jobs that we can expect to be created over the next decades to replace those jobs that might decline or disappear as a result of such productivity improvements.

Technology, Resources and Innovation

Stephen Downes: Half an Hour

So - how do we drive down the cost of content production, and how do we make sharing easier. The stovepipe innovations - why are you settling for it? Question: thoughts on how to drive costs of content production down.

From Mass Production to Mass Individualism

Irving Wladawsky-Berger

All kinds of new products and services, like Airbnb, are now coming to market. Mass production was a defining hallmark of the 20th century industrial economy, bringing high productivity and low costs to a wide variety of offerings, - from household appliances to hotel chains.

The Blockchain and Open Innovation

Irving Wladawsky-Berger

Transformational innovations don’t always play out as originally envisioned. It can be used to help companies manage the flow of goods and related payments or enable manufacturers to share production logs with OEMs and regulators to reduce product recalls…”.

The Real Unemployment Innovation Challenge

John Hagel

Re-framing innovation. Many people have put their faith on innovation as a way to resolve the unemployment challenges that we face.  If we’re going to address the challenges ahead, we need to re-frame what we mean by innovation. Rather than focusing on product or service innovation, or even process and business model innovation, we need to focus on a form of innovation that isn’t yet on the agenda of our leaders – institutional innovation.

Not all innovation is disruptive

Harold Jarche

Given all the talk about disruptive innovation lately, I thought I’d dust off several posts I have written on the subject and update them. Innovation is the following through part. Non-consumers – lack ability or the wealth for current service / products. Innovation

The MIT Inclusive Innovation Competition

Irving Wladawsky-Berger

As i ts website explains: “While digital technologies are rapidly transforming both business practices and societies and are integral to the innovation-driven economies of the future, they are also the core driver of the great economic paradox of our time.

The 7 roles of company directors in driving successful innovation

Ross Dawson

I have just finished running a two-day program in Phuket for the Malaysian Directors Academy on The Innovation Zone: Unleashing the Mindset. The piece is below, providing a high-level view on the role of company directors in driving innovation. Five domains of innovation.

The 2016 MIT Inclusive Innovation Awards

Irving Wladawsky-Berger

Several months ago, MIT’s Initiative on the Digital Economy launched its first annual Inclusive Innovation Competition (IIC). Let me close by explaining why I feel particularly proud to be associated with the Inclusive Innovation Competition.

Why Do We Keep Insisting On Killing Productivity?

Luis Suarez

decided to kill my own productivity? And I am not just referring to the things we can do ourselves to avoid those productivity killers, since I am sure we all know how we could get rid of each and everyone of those!, That, right there, is already 8 hours of lost productivity!

The Impact of AI on R&D and Innovation

Irving Wladawsky-Berger

Beyond innovations in existing sectors, the rapidly improving price/performance of GPTs have led over time to the creation of whole new applications and industries.

Productivity Tips for the Mobile (Social) Knowledge Web Worker – Mophie, Gum Max and Logitech

Luis Suarez

As I have mentioned on my last blog post , here’s a follow-up entry for today where I’m going to pick things up from where I left them around some additional Productivity Tips for the Mobile (Social) Knowledge Web Worker.

Keys to innovation: Tapping communities of lead users

Ross Dawson

At one point the conversation shifted to how companies could generate the innovation that will meet the soaring expectations of users. In the interview I was asked how companies can find these lead users to help them innovate.

Become a More Productive, Empathetic, Creative Person With the Help of AI-Based Tools

Irving Wladawsky-Berger

Despite dramatic advances in technology, most of the world’s economies have been stuck in a long period of slow growth and slow productivity. Instead of just asking how can people create more valuable innovation?, why not also ask How can innovation create more valuable people?

Productivity Tips for the Mobile (Social) Knowledge Web Worker – TweetBot, Pocket, Evernote

Luis Suarez

And since lately I keep traveling quite a bit and spend more time on the road than at my home office, I thought it would be a good time exploring how I can improve my overall knowledge Web worker experience using various social networking / productivity tools while on the road.

Win an award for an innovative project, product, or practice

Jay Cross

George Siemens , Tony Karrer , and I are pleased to announce the LearnTrends 2009 Innovation Awards. The awards are designed to recognize products, projects, processes, and companies that represent interesting innovations in applying technology for Corporate / Workplace Learning and Performance. We want to recognize innovations, from individuals to teams to enterprises. Tags: Innovation

Are Innovation and R&D Yielding Decreasing Returns?

Irving Wladawsky-Berger

Given the pace of technological change, we tend to think of our age as the most innovative ever. These innovations, first developed in the late 19th and early 20th century, have long been transforming the lives of billions. Since the 1970s, US productivity and income growth have dipped sharply except for an Internet-driven productivity boost between1996 and 2004. Innovation may be hitting a wall of diminishing returns.

The “Recombinant” Nature of Digital Innovations

Irving Wladawsky-Berger

Killer-app is the name we give to those IT applications that turn out to be unexpectedly useful and help propel the success of a new product or service in the marketplace. Companies were thus able to engage in their core transactional activities in a much more productive and efficient way.

Embracing Disruptive Innovations: Organizational Challenges

Irving Wladawsky-Berger

I was asked to talk about the organizational challenges that companies generally face when embracing disruptive innovations like those being developed by ID3. Managing a Disruptive Innovation Initiative. There are many reasons why disruptive innovations fail in large companies.

User-Led Innovation Can’t Create Breakthroughs

Steve Denning

At Apple, we don’t waste our time asking users, we build our brand through creating great products we believe people will love.”. Equally, they cite IKEA designers who “don’t use user studies or user insights to create their products.

Innovation Hubs in the Global Digital Economy

Irving Wladawsky-Berger

Last week I wrote about Cloud, Services and the Transformation of Production , based on Part I of Escape from the Commodity Trap: Will the Production Transformation Sustain Productivity, Growth and Jobs? , But, are there other kind of innovation models? Product creation.

Innovation as a Journey into the Future

Irving Wladawsky-Berger

I recently read an excellent innovation report, - Strategic Orientations for Innovation: Chile in the 2025 Horizon. He was a Senator then, a position he held from March of 2002 until his appointment to president of the Innovation Council.

The Complex Nature of Cloud-based Innovation

Irving Wladawsky-Berger

I find it helpful to look at cloud along two key dimensions: as a technology to improve IT productivity, and as a platform for enabling business innovation. Only one company in six viewed cloud as a way of fostering business innovation.

Global Arbitrage and the Productivity Puzzle

Irving Wladawsky-Berger

A couple of weeks ago I wrote about The Productivity Puzzle , - namely that despite our continuing technology advances, the US and other developed economies have experienced a sharp decline in productivity growth over the past 10 to 15 years. So far, though, economists have failed to reach consensus on the causes of the productivity growth slowdown or indeed the relative significance of the various arguments,” wrote McKinsey.

Innovators, imitators and idiots

Harold Jarche

Friday’s Finds: “first come the innovators, then the imitators, then the idiots … you can set your watch to it.” “Jobs” are a product of industrial society, those typified by economic growth.